Baran cyber cops bust trading app scam; 2 arrested from MP

Kota: Baran cyber police have busted a Rs 92.75 lakh cyber fraud in which money was routed through bank accounts of NGOc and later transferred to Mumbai and Dubai, where the gang's kingpin is reportedly based. Two accused from Madhya Pradesh have been arrested.The accused allegedly trapped the victim using a fake trading app, showing initial profits to build trust and later extracting large sums in the name of "foreign money exchange fee" and "trading fee".Baran SP Abhishek Andasu said Vishnu Galav, a Baran city resident, filed a complaint at Baran Cyber Police Station in Dec last year. Galav said that on Sept 5, 2025, he was contacted on a messenger app by a woman who identified herself as Harman Kaur, claiming to be a project manager at an IT company in Bengaluru.Police said the woman persuaded him to invest via Telegram using a trading app named "CMC Global Market". "Initially, a profit of Rs 54,000 was shown to gain his trust," police said, after which he was induced to invest larger amounts.When Galav tried to withdraw funds, the accused demanded more money as "Foreign Exchange Fee" and "Trading Fee". Between Oct 2 and Dec 4, 2025, a total of Rs 92.75 lakh was transferred from the bank accounts of Galav and his wife through different banks, police said.Investigators found the accused opened a bank account in the name of an NGO by misleading a person in Katni, Madhya Pradesh, claiming it was for donations. "Funds were further transferred to Mumbai and even to Dubai," police said.Based on a case already registered in Katni district, police identified the accused as Vikas Tiwari (29) of Katni and Mohammad Zeeshan (26) of Satna. They were arrested from District Jail Katni after police obtained a production warrant on Saturday. They were produced in court Sunday, which sent them to judicial custody.Cyber police acted on the complaint in Dec 2025, froze Rs 27 lakh of the defrauded amount and refunded Rs 10 lakh to the victim. The remaining Rs 17 lakh is to be processed to the victim's account on court orders. "One of the accused was arrested in Jan this year," police said.